The Clap
In March 2022, Qatar agreed to inject investments into Egypt worth $5 billion, but these investments have been delayed for a number of reasons, according to Asharq.
Reasons for Delay
1- The Qatar Investment Authority (QIA) wants to acquire majority stakes in some companies on the EGX. However, the Sovereign Fund of Egypt rejected these advancements.
2- The QIA wants to take protect its investments from the conflicts that may occur as a result of the acquisition.
3- Qatar is waiting for the EGP to reach a fair value against the USD.
Why this Matters
The Qatar Investment Authority has shown interest in acquiring stakes in Pachin, Eastern Company, and part of Telecom Egypt’s stake in Vodafone Egypt.
